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    Property profile & analytics

    1767 Broadway Ave Maryville, TN 37801

    • Drive through restaurants
    • 8,794 SF
    • 1.97 lot acres
    For Sale
    View listing
    $5,000,000
    Last Sale
    Jan 31, 2023
    $5,432,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3337305
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chick-Fil-A / Caterer / Chicken Restaurant

    Property Details for 1767 Broadway Ave

    Year built
    2021
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.97 lot acres
    Property size
    8,794 SF
    Property type
    Drive through restaurants
    APN
    005068C A 02001
    APU
    005068CA02001

    Description

    This exceptional 10-acre commercial land parcel presents a unique investment opportunity in Maryville, Tennessee. Located at 1767 W Broadway Ave, 37801, this property boasts a highly desirable location on Highway 411-S, near the Sandy Springs area. The land is zoned for Business & Transportation use, offering significant flexibility for a variety of commercial and industrial developments. With a total asking price of $5,000,000, the price per acre is $500,000. The property's APN is 005068C A 02000. This strategic location benefits from exceptional visibility and accessibility, with a traffic count exceeding 37,000 vehicles daily on Highway 411-S. Further enhancing its appeal, the property will have direct access to a new traffic signal being installed as part of a nearby Food City redevelopment project. This ensures high visibility and convenient access for potential businesses. The diverse permitted uses include commercial, industrial, self-storage, multi-family, office, retail, retail-pad, and hospitality, making it an ideal site for a wide range of development projects. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Tennessee market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,225,000
      ML approach
      $4,010,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,575,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9955
    Latitude
    35.7334
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $25,466
    $708,160
    $716,360
    $1,424,520
    -
    $1,770,400
    $1,790,900
    $3,561,300

    Comparable in this City

    • Value Estimation
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      DRIVE-THRU RESTAURANT, FAST FOOD • 2,099 SF
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      View Details
    • Value Estimation
      $1,795,000
      2,730 SF

      1810 Broadway Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,730 SF
      1810 Broadway Ave, Maryville, TN 37801-5512
      View Details
    • Value Estimation
      $220,000
      338 SF

      1703 Broadway Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 338 SF
      1703 Broadway Ave, Maryville, TN 37801-5509
      View Details
    • Value Estimation
      $355,000
      3,264 SF

      816 Foothills Mall Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,264 SF
      816 Foothills Mall Dr, Maryville, TN 37801-3731
      View Details
    • Value Estimation
      $260,000
      1,363 SF

      1775 Broadway Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,363 SF
      1775 Broadway Ave, Maryville, TN 37801-5509
      View Details
    • Value Estimation
      $350,000
      2,332 SF

      506 Foothills Plz

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,332 SF
      506 Foothills Plz, Maryville, TN 37801-2301
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $28 SF/Yr
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      Maryville Retail-Office Opportunity

      High-visibility retail/office space in Blount County
      000 Us Highway 411, Maryville, TN 37801
      View Details
    • $28 SF/Yr
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      Retail Space on Highway 411

      Retail and restaurant spaces available in high-traffic area.
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    • $15 SF/Yr
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      Downtown Maryville Mixed-Use Building

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    • Contact for pricing
      22,000 SF

      Downtown Maryville Retail/Office Opportunity

      Renovated space in historic downtown Maryville, ideal for retail/office.
      117-131 E Broadway Ave, Maryville, TN 37801
      View Details
    • Contact for pricing
      25,000 SF

      Maryville Retail Center Opportunity

      Prime Maryville location, high traffic, 25,000 sqft.
      2301 Us Highway 411, Maryville, TN 37801
      View Details
    • Contact for pricing
      448,050 SF

      448,050 SF Foothills Mall Available For Lease

      448,050 SF Foothills Mall Available For Lease
      197 Foothills Mall Drive, Maryville, TN 37801
      View Details
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    Maryville, TN 37801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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